The Community Development Financial Institutions Fund within the Department of the Treasury awarded Optus Financial Corporation $300,000 under the Community Development Financial Institutions Program (CFDA 21.020) to promote economic revitalization and community development. Through this three-year Project Grant concluding December 2024, Optus Financial Corporation will provide financial products, financial services, development services, loan loss reserves, and capital reserves to eligible...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Optus Financial Corporation $2,478,839 under the Equitable Recovery Program (CDFI ERP, CFDA #21.033) to provide financial products and services through December 2028. As a minority-owned Community Development Financial Institution, Optus Financial will use the funding to expand lending, grantmaking, and investments in low- and moderate-income communities disproportionately impacted by COVID-19....
Opportunities Credit Union received a $1.5 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The funding will support the credit union's ability to respond to the economic impacts of the coronavirus pandemic by providing financial and technical assistance services to communities and populations affected by the public health...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant under the Bank Enterprise Award (BEA) Program to Optus Bank, a minority-owned, for-profit financial institution based in Columbia, South Carolina. The grant, awarded on September 19, 2024, will support Optus Bank's efforts to increase investments and support for certified CDFIs, as well as expand its community development financing and service activities in economically...
The Opportunity Finance Network received a $1.8 million Community Development Financial Institutions Rapid Response Program award from the Department of the Treasury's Community Development Financial Institutions Fund on June 15, 2021. The funding supports the CDFI Rapid Response Program's goal of enabling Community Development Financial Institutions to respond to the economic impacts of the coronavirus pandemic through December 31, 2023. As the awardee, Opportunity Finance Network will...
The Opportunity Resource Fund received a $1.8 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund on June 15, 2021. The funding supports the Community Development Financial Institutions Rapid Response Program (CDFI RRP), which provides capital to Community Development Financial Institutions to address economic impacts from the COVID-19 pandemic. Through this award, Opportunity Resource Fund will deliver financial and technical...
The Economic Opportunities Fund received a $1.16 million project grant award from the U.S. Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The grant aims to support the ability of Community Development Financial Institutions to respond to the economic impacts of COVID-19 through September 2023. Specifically, the funding will allow the Economic Opportunities Fund...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded a $1,826,265 Project Grant to Community Investment Corp, doing business as Community Services & Research Corp, through the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The two-year award will support the organization's ability to respond to the economic impacts of the coronavirus pandemic by providing $1.8 million in funding from June 2021...
The Department of the Treasury's Community Development Financial Institutions Fund awarded Accion Opportunity Fund Community Development $1,826,265 under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) from June 15, 2021 through June 30, 2023. The CDFI RRP aims to support Community Development Financial Institutions' ability to address the economic impacts of the coronavirus pandemic in the United States. Accion Opportunity Fund will use the...
OTR Fund I, LLC received a $1,826,265 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The award period is from June 15, 2021 through March 24, 2023. The CDFI RRP aims to support Community Development Financial Institutions' ability to address the economic impacts of the coronavirus pandemic in the United States. OTR Fund I, LLC will...